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are republicans on defense on spending issues? what happened to their backbone? more to the point, what happened to their soul? tonight, meet the folks who have been brought in to perform a exorcism on the right. they are michelle field, and alan west, you know their faces, get ready for them to get in liberal's faces, by waking up some very young voters, they are launching a web show, called, next generation. and if you are young, hot and bothered, they want to get you jazzed, angry and involved, welcome you to both. alan west, unleash now. from congressional jobs and duties, what do you want to do here? >> neil, i think post -- most important thing, being father of two teenage daughters, take my insights on the issues and perspective, and take those issues to next generation, and let know how important it is to stand up for their future, not just young people but grandparents and parents. so we can make sure we're not first generation, that leaves less for our subsequent generations. neil: young people, voted, 7 out of 10 for barack obama, you have an uphill fight ahead. >> we do, but i think
it despite all the short-term problems. we have a aerospace and defense analyst at credit suisse. i'm hoping they're short term. you must really believe they're short term? >> i do. i think it is a short term issue. question whether we'll fly again in a few days or longer that on that. we're talking about batteris. assuming it is not part of the electrical system, and it is just the batteries i suspect boeing can fix this, identify the fix in a few weeks, perhaps a couple months and start to implement it, perhaps even be flying again before that fully happens. david:. robert, don't they have to come out with a big public relations push? there is nothing that will turn people off of a flight as quickly as any suggestion that flight might go down. i mean how do they combat the public perception this is a dangerous aircraft? >> i think that is the a very tear point. i've -- fair point. i've flown on the aircraft. we've seen situations like this in the past with many new entry aircraft. go back through boeing's history, airbus, perhaps a year or so ago, the a380, for example had issues. david: w
,000, the lowest level since january of 2008. outgoing secretary of defense leon panetta waded into the gun control debate in a question and answer session yesterday. team made no bones about his support for president obama's proposal and noted he helped with president clinton in 1994's ban on assault weapons and says he supports that ban as well as a strict rule on armor piercing bullets. in a hostage situation still ongoing at d.c.'s oil spill in nigeria details are sketchy but it is being reported algerian airstrikes kill 34 hostages in 14 of their al qaeda captives. the algerian army attempting to take control. be right back. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney pro
and say to republicans, you want to reign in defense or control the growth of defense, too, i don't care what the purpose is, but if you're going to mention kids, remind us that they are our future. right now, to your point, charlie, they will be stuck paying some very, very big bills, but, again, it's one thing to convince people of your age, charlie, of that, and another to get the message across to just innocent little kids, but that is going to be a paramount issue because as steve pointed out, it's going to address kids still unborn, that the rate we're going, how do you tell people, charlie, that for generations yet to come, none of this is sustainable, the rate we're going. >> well, i think it's important to frame the argument in terms of morality. the president mentioned morality, that it's the moral thing to do to get gun control. is it moral to spend children's morn before they had a chance to vote. is it moral to spend social security trust fund if the money does not exist? frame a moral pretext rather than a mathematic one. young people might be able to relate to that. they w
the debate of our time. not only with the votes we cast, but the voices we lived in defense of our most ancient now use and ids. let us each now embrace with solemn duty and joy. with common effort and common purpose, with passion and dedication, let us answer the call of history and carry into an uncertain future that precious light of freedom. thank you. god bless you. may he ever bless the united states of america. [cheering and applause] neil: a little less than 15 minutes in length. the second inaugural address. in case you thought this would be a speech without a few zingers, think again. the president made it very clear today that the battle is on on the spending and budget issues, but entitlement, well, you can only go so far. the commitments we make to each other through medicare, medicaid and social security, these things do not stop our initiatives, they strengthen us. they free us to take the risks that make this country great. he goes on to talk about climate change and storms and what he will try to do to counteract them. some may still deny the overwhelming judgment of si
of the speech. we have national security and the defense budget, which i think is wildly out of control. it is a kind of old war budget for a very different era. and i hope that the president and the administration and republicans as well as democrats will take a good look at that. neil: did he miss an opportunity to do so? i know all about broad visions any spell out some of the details, but this was an opportunity to say that i see the magnitude of our debt. i see the magnitude of our problems. i am not oblivious to this. i want us all to join hands and look at ways to mutually get this down to size without dividing our social classes. i don't know if that opportunity was seized on appropriately enough today. >> well, i think it was a different kind of speech. but this is a president who has cut spending. he wants to cut more. i wish i could see that desire on a partisan basis, especially when it comes to the defense budget. i think leaving that alone is just absurd. neil: you have to say, governor, that he has curtailed the growth of what it would have been otherwise. but it is still
proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >> we need a new government or a new century. a government that is smaller and lives within its means and does more with less. >> the commitments that we make to each other ith medicare and medicaid and social security, these things do not stifle our initiative. they strengthen us. [applause] they do not make us a nation of takers, they for yes. neil: a contrast of two democratic presidents. one with the vision for a streamlined government and the other with just a completely unshackled government. thank you for joining us, michael dukakis. i'm wondering about this approach of two democratic presidents, the government and its role. bill clinton when he was reelected, embracing the smaller size and streamlining it. and this president embracing this year out of control sites. we had a balanced budget and back to back surplus in what, 50 years? 4.5% unemployment. and i don't think he did it by shrinking the governmen
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in the u.s., but that was quickly shot down by the defense secretary. all this could have a major consequence of the price of oil. want to bring in a senior market analyst for the price futures group and the fox business contributor and a resident scholar at the american enterprise institute and former pentagon official. all-star which you. tell me, what's going on in the oil market today as a result of what is going on? >> the prices have been pretty stable on oil, but we saw huge jump up in the u.k. natural-gas market. as we know, algeria is a major supplier of natural gas to europe. because of those concerns with some big spike in the market yesterday. and that think the larger concern, one of the things we have to realize is that in this world of terror, every time we fill up at the gas tank return all light bulb, we're already paying the terror prium that is built into the price. the biggest concern for energy traders in the energy markets is that this type of attack that happened in algeria happens in other places. >> we have seen it in the past. miching algeria be a primary
we heard from the president. >> reporter: well, it was a defense of the political theory, awaited the u.s. should be governed and should govern itself. i would almost characterize it as something along the lines of a response to what we heard from president reagan in 1981 when he said government is not the solution to our problems, it is the problem. president obama making the case that the government is not necessarily our problem. together we could do great things. together we could take care of the elderly. together we can create a health care system for those who may not be able to afford it. very much discussing ways about how there should be some in society you don't have all or should not be some in society you have all at the expense of all others. he made and not to climate change, something that he had not necessarily highlighted or focused on in his first demonstration. moving forward in tackling debt and deficits, he did talk about tax reform. talk about slowing the growth of these expenses, but still no change in his governing philosophy, if not impassioned defense of
an elaborate 70 million dollar scam, perhaps too elaborate to prosecute maybe? our favorite criminal defense attorney will join us on that scam. remember, we want to hear from you, get your e-mail please varney@foxbusiness.com, we read them all, some on the air. seven early movers, here we go in tuesday morning. lower profits on dupont, better than expected the stock is up a little. caterpillar discovered accounting misconduct at a chinese subsidiary. down a little bit. one of canada's largest pension funds said it will buy the container company c-cube, and c-cube is up. no surprises there. johnson & johnson takes a charge for recalled hips, but profits beat forecast nonetheless and the stock's pretty flat. superstorm sandy hits travelers and profits, profit were better than expected and it's up 3 bucks. a forecast microsoft executive says that steve ballmer is not the right leader for the company microsoft at $27 a share this morning. verizon posts a 1.9 billion dollar loss and verizon posts on pension costs and sandy, why it's down, but the dow industrials dead flat. 3 points lower this ho
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a strong defense of government saying that, quote, preserving our individual freedoms ultimately requires collective action. take a listen. >> the american people can no more meet the demands of today's world by acting alone than the american soldiers could have met the forces of fascism and communism with militias. or build the roads and networks and research labs that will bring new jobs and businesses to our shores. now, more than ever we must do these things together as one nation and one people. peter: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business exclusive interview is forex.com senior currency strategist. welcome. currency markets
the redundancies, the way government just wastes money every single day. in the department of defense maybe they have personal a sign systems, one for officers, another one for enlisted personnel in the third to reservists. that would seem to make no sense. consolidate, save money for taxpayers are putting up knew bill. it just makes no sense. gerri: are not only right, but i give you one that shouldn't urea even more. i went on active duty as an enlisted man in 1970 and left active duty as an officer in 1980. i had two sets of records, sometimes three at all times. my active duty records, the reserve in st. louis had another set the burned, and the veterans administration maintain another set. particularly when you're talking about returning veterans who have injuries, having multiple medical records that are not computerized is also a terrible, and we have been working on it since i left active duty in 1980. clearly if we keep throwing money we will get there. gerri: what are we going to do jack because this -- i mean, this is ridiculous. cobalt, are you kidding me? >> our draft legislati
's homes for self-defense. we all know that there are an overwhelming number of handgun security more than 10 rounds at a time. so to say that people don't have the right to have those guns in their homes for self-defense in my opinion could be a constitutional violation of the second amendment. >> is interesting. we brought him in because we thought that what you wrote in "the wall street journal", getting rid of guns in the district of columbia. and this was a very tough measure to try to reduce violence. what happened? >> unfortunately, gun violence actually increased. it was counterintuitive and tragic and unfortunate. but what we saw is that it embolden criminals because they realize that people could not defend themselves. all that gun bans have done is increase violent crimes and endangers civil liberties and i has created an undue burden upon law enforcement could start them from controlling and violent crimes in progress. they just don't work. >> the sullivan law basically requires that you have concealed weapons but you have to permit for that and the gun violence in new york sta
that redoes the insurance underwriting. melissa: go ahead and respond to that. that. speak what defensive the cost of gone down. the last three years the flattening of cost for the first time in a generation and we know there are substantial innovations and incentives built in to obamacare that hopefully over time will work and continue to flatten the cost curve. that is the intent of obamacare. it is not fair to criticize it. melissa: the ceo said the countries largest health insurance, country's third largest health insurer, he broke it when he said we would see some insurance premiums go up by 100%. it is not in his interest to say this out loud. are you startled by this path? >> not at all. national health care costs have slowed their growth. when you cover as many people as we are going tocome everybody who has insurance buys a third more than they did before. we will see cost go up. if you do the actuary math, you have to charge people lot of money who made this go. that will be a big sticker shock. and those premium increases stick? we will see, but they will raise rates. melissa:
. defense attorney. i'll start with you. tell us more about the facts of the case. >> it happened in a bus line. there was no bubble gum. she was referring to a hello kitty bubble gum which just sheets bubbles. bubbles don't hurt you. even the school psychologist appointed by the school came to the conclusion that said she has no harmful or predatory intent to. the comments made to her friends about the bubble gum. does not have those risk factors identified for violent behavior. why won't they strike this from her record? why won't they a sponge is? gerri: i want to bring in sharon . about a month ago. are these school officials responding, over responding to what happened? >> you can say there are over responding, but they have gone completely off the chart. you can respond responsibly, but these people lobbying complete the funds. this is a 5-year-old kid, five years old. does not have the requisite to do anything of that nature. yet they labeled her as a terrorist threat. hello. a terrorist threat? i mean, they have to think about what they do. they have to use their common sense. they
that is what congress said, that limited to narrow areas the ex septions. judicial watch, sued defense department, they said, we don't have photographs, wait, the navy seals took the photographs, you don't have them, we don't have them, did you ever have them? we won't say, so a sued cia, cia said we have 52 photographs, some of stills some are videos some of the actual invasion and killing itself. some are of the autopsy, some are the funeral. all of them if released would gravely affect national security, and a judge accepted this. the reason we're talking about it now, not so much because of the movie is doing well but because the appeal of this decision was argued last week. neil: it is akin to tearing up a koran? >> that is the argument that government made, they were so adamant about if they did not want to judge to see the photos in the privacy of his chambers so he could make a informed decision, the judge went along with that, rejecting the application of judicial watch, based on what the government told him. neil: has he seen them. >> no but he did receive affidavits from peo
as well as how to protect yourself is defense attorney arthur eye dalla. thanks for tackling this one today. what freaks me out about the scam, you know when you get the phone bill there are 6 how things. 1.99 for this, 4.99 for this and they all look fake. >> winds up like 234. melissa: they all look bogus to me. this was another one 14.95 at the end of the bill, right. >> they had all these companies. they use a different one on each bill, like american e-voice or global voice mail or hear for you, or whatever. they had 120,000 humans who they were giving these voice mail accounts to, charging $14.95 and of the 119,000 people, 12 customers actually used the e-mail. melissa: wow. >> the voice mail. i apologize. so, what is --. melissa: there was some legit service in there somewhere. >> that would be the defense at trial. look, we provided service. interest was their fault for not using the service but it was service you probably didn't ask for, you didn't sign up for. they use a complicated system of, what i would call layering to, from one company to another company, to get into yo
aggressively strategically but playing a lot of defense in fixing cleaning up, moving on rebuilding and i just feel like this is a pivot point. and honestly the fourth quarter was good. it wasn't perfect, though. there's a lot still to go, but this is a pivot point where now we focus on running the business. >> so much of your business, speaking about smith barney, you are going to assume all of their brokers, right? something like 18,000 brokers the biggest brokerage firm in america. so much of your business has to do with the small investor. yet we know the small investor is not really in this market. they're out of it in a major way. how can you predict consistent earnings or this is a pivot point when you know the small investor isn't in it? >> that's a good question. the interesting thing is even with the small investor on the side lines the business is showing remarkable resilience. so with 0 interest rates, very little new equity being issued, and very little investor confidence, the market is showing great resilience. but again, our investors, we have small investors but we also have v
fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >> america cannot afford another debate with this congress about whether they should pay the bells they have wracked up. if congressional republicans refuse to pay america's bills on time, social security checks and velveterans benefits checks wile delayed. lou: social security and veteran's benefits? that is the president resorta to spare tactics, trying to get the republicans to back down on the debt ceiling debate. you may have noticed that sounded familiar to you? he used same tactics and same language in 2011. nothing original at all. and not raising the debt ceiling, i want you to know in my judgment is not a reasonable outcome, but neither is the president's scary nonsense, i find that this be appalling on his part. or anyone who would resort to that kind of scare tactics for those in our society who should never be frightened by our nation's leaders, the issue of who is what gets paid in a debt ceiling impasse, a shut town of government, would be
the numbers are all driven by entitlements. you can make enormous progress on defense. you can make enormous progress on non-defense discretionary and in the end with you vil a enormous debt problem. unless you take on entitlements you don't solve the problem. in the end voters want you to solve the problem. republicans need to stick to their guns on that front. tracy: i hope they do because we're not talking enough about it. douglas holtz-eakin, thanks for taking time to be with us. >> thank you. >> we're not talking enough about it. ashley: we'll see how it works out. maybe get the debt ceiling dealt with and really get to the heart of the spending cuts that need to be put in place. tracy: we'll be playing groundhog day. ashley: that's true. ask rich edson. saving the best for last, morgan stanley surges after putting a close on this week's bank results. tracy: georgia, other states are helping offices in california to lure businesses to relocate. it sounds so sneaky. we'll find out what they're doing. let's check out oil is trading as we head out to break. it is pretty much flat. $95.52 a
weapons for self-defense by saying you can use them because they are not usable for sport, that would be the use of an executive order because he would tell the justice keep arming the treasury department not to let these things coming and the effect of it would interfere with self-defense. stuart: i am bored with it. i don't care about 1968. judge napolitano: the same authority president obama has. stuart: tell me your judgment, if the president uses an executive order to command, demand background checks universally is that are unconstitutional. judge napolitano: he does not have the authority to do that. because that is an interference with the free trade in interstate commerce. stuart: it is a requirement before you buy a gun. stuart: you may consider a minor interference but it is an interference because it costs money. italy come from congress because the constitution gives to the congress the authority to regulate interstate commerce, not the president. stuart: by executive order can he say no more magazine clips that contain 10 or more bullets? judge napolitano: only the congr
defense and limit deductions. stuart: nobody, the solution. at 11 eastern time a group of democrats are going to talk about no more debt ceiling, get rid of it. outrageous. >> ridiculous. stuart: i think we're in agreement. >> we are, aggressive agreement. stuart: doug schoen, thank you very much. >> thank you, stuart. stuart: i've got the seven early movers for you. profits climb 23% as expected at bank of new york melon. the stock is up-- or down about a buck. the hand bag maker, vera brad lee raised its outlook, the women's clothing retailer, christopher and banks, expects higher sales and they're up. interactive brokers took in less than expected and they are down, the name of the company. printed circuit manufacturers, anticipating better than expected results and it's up. wendy's reports higher profits, there's a stocky know. gives an upbeat outlook, wendy's 12 cents higher. 2%. chipotle as we told you earlier, profits disappoint, it's down big. it was down 9% earlier and now it's down 7. $23 lower for chipotle and the dow is down 62. we just heard from doug schoen on new york
the hour. this is your fox news minute. defense secretary saying only soldiers need armor piercing bullets or assault weapons. in response to u.s. soldiers question at a military base in italy. he responded who needs armor piercing bullets except you guys in battle? president clinton's chief of staff in the u.s. ban on assault weapons in the 1990s, that ban expired in 2004. some good housing news for you, former u.s. homes, fewer u.s. homes foreclosed in 2012 according to realistic track. that was down from 804,000 in 2011. 17% reduction year-to-year. lance armstrong already lost all of his tour de france titles while now the international olympics committee is stripping the cyclist of his two bronze medal because of his admission to doping. that is the headlines of your fox news minute. back to melissa and lori. melissa: thank you. less than a month to go until the debt limit, the house republicans are devising their game plan for the fiscal fight. ahead, rich edson is live from the g.o.p. retreat in williamsburg, virginia, with the latest. >> they just wrapped their latest discussion on
at the president address from yesterday, more of a broader theme, a grand defense of the federal government. there was also discussion on entitlements from the president. they do not make us a nation of takers, they free us up to take risks. a top republican says we need to address spending on entitlements. >> if we do not work together to strengthen our entitlement programs, they will go bankrupt. automatic cuts will be forced on seniors who are already receiving benefits rendering worthless there retirement that they built their lives around. rich: the house tomorrow will vote to extend the debt ceiling to may 19, as long as the senate and house both pass a budget. if not, this bill prescribes that it gets held back is not. dagen: thank you. president obama mentioned just about everything from gun control to climate change in his inaugural address. one thing was almost missing, though. jobs. joining us with more is steve moore. he laid out his agenda, a whole host of things. why not focus on jobs. does he think that this recovery is so on track that jobless rate will continue to fall, ste
of foreigners hostage at the natural gas field in algeria into the number of americans. defense secretary leon panetta said earlier today that calling the situation in terrorist attack is appropriate. the militants, the terrorists, claiming they attacked and revenge because algeria allowed western jets to use their airspace to attack islamist fighters in neighboring mali. joining us now, pulitzer prize-winning journalist, fox is contributor judith miller, terrorism analyst. thank you both for being here. this grouping of hostages and terrorists right now are surrounded by the algerian military. we don't know what the situation is. we have had scant reports, and that is probably an overstatement as to the degree. what is, in your judgment moi the federal governor response. >> right now they have to depend eventually of special forces who are around the side at the moment the algerians are asking us to set back. everyone is sweating this see what happens. i think what this shows is how dangerous this region remains an hello war on terror must continue. lou: your point. >> well, who are these agg
like anyone else under the law. >> he offered a bigger defense of entitlement programs. >> we must make the hard choices to reduce the cost of health care and the size of our deficit, but we reject the belief america has to choose between caring for the generation that built this country and investing in the generation that will build its future. >> like every president since fdr, mr. obama started it with a prayer service at st. johns church before departing the white house for one of the longest motorcades known to man for the ride to the capitol. ♪ oh beautiful >> a star-studded affair where else will paul ryan mingle with beyonce who belted out the national anthem. when the ceremony was over, there was a sed di stream of pomp and circumstance waiting. >> secretary of state, -- >> from signing papers to lunch with congressional leaders, and then, of course, the parade. the first family could make their way back to the white house in that grand bullet proof review stand. all of that could wait because before leaving the west front. capitol, the president decided to go off self-incri
learned from senior u.s. defense officials that the fast team of marines out of spain were asked by state department officials to change out of their marine uniforms before heading into libya to help. this required them to deplane and delayed them by about 90 minutes according to pentagon officials. then there's the decision by success tear of state clinton and state department undersecretary of management, patrick kennedy, in the operations center that night, not to send a fest or foreign emergency support team, which the state department's own website describes as the government's only interagency on call short notice team poised to respond to terrorist incidents. as a result, the fbi could not enter the complex for 24 days at which point most evidence was gone. >> secretary clinton will be asked in particular why more securitifuls not provided after the june 6th bombing attack, and why ambassador stevens left part of the security team behind in tripoli, why the secrecy? lou? lou: jennifer, thank you. jennifer griffin, fox news national cor responsibility. exit polls show benjamin netan
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to their plans or financials. in defense of the analysts i would say they might be a little bit late but there are other issues. cheryl: yet they still had 57% of search in this country. the name itself, how concerned are you about the facebook of the world? they want to start doing a search if you will, they are gearing up to compete with google, if you will. do they stand a chance? >> over the next couple of years they are not a major factor, they're just beginning to get into search. it comes down to what the consumer uses a social network for than a search engine. they may be more willing to get in the midst of your searches providing the answer and google gets to collect on that. they may be less willing to get involved in the social work. cheryl: i want to go back to mobile platform, one of the key problems many of these companies have had, google goes along with it is on the device is the amount of space for those ads to come in. the notice has come come up in the past, but you ar you're loor that today. >> you never know what they're going to say about mobile versus desktop s
this debate because they are always on defense. they will not be on the receiving end of a parade like this for many alexis to, unless they get their act together. melissa: is there one thing republicans to put on the table that would turn the tide of the conversation? cut military spending, something that can make them look fresh and new? >> all laugh to say, they're responsible and the other side is not to read at think that message, like 60 percent said government spending is out of control. but the question is how you go about it. you can't do it in a butcher block fashion that would allow people to get hurt. the political screening will be so intense. you saw what happened with paul ryan, the head of the house budget committee republican from wisconsin when heated. he got hammered for cutting cuts in terms of medicare in the seniors, even those who are involved with tea party. wait a second. not me. go after the government workers, somebody else, but not me. it has to be done in a way that allows the american people to see republicans and democrats in it together. that would give
and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. ♪ [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. neil: so, bill clinton gets cinemax for free on us. just part of the slew of goodies that former presidents are putting on our tab. not the only ones, and he's not the only tab. jimmy carter did satellite tv at taxpayer expense. but the dish network scale package was does not include cinemax. i bet you, knowing jimmy, he does watch eat as p.m. but let's just say with or without cinemax former presidents are pushing these pennies to the max. friesen -- free subscriptions, and ample budget for staff and office operations, even if they don't. let's just say bill clinton is not the only ex-president taking advantage of the nearly $4
. think market's response today reflects that. in defense of our competitors, and there's a bit of a push now about this whole break you banks i think it is dead wrong. >> do you think they will actually do it? >> i pray and hope we don't do it. >> i didn't ask what you pray. do you think congress would take off. >> i don't think. >> that shed headline. you think this is noise. >> they will take up debate. reasonable people will get through and debates of series of these things last few years that will recognize it is an essential element of american competitiveness and there is actually no industrial lodgic for it. >> kind of interesting. richard fisher --. david: he was on yesterday, saying his plan. by the way let me ask about that. fisher was asking specifically, he thinks not breaking up the banks necessarily but denying anything but the commercial banks open windows from the federal reserve. cutting off the pipeline for the financials. >> that would be a free market way to break up the banks. just dawned to me i should have asked this question. sometimes this happens. does he want t
anything about cutting back on spending. did you? >> no, david. in fact that was more a defense of government in the president's speech, overarching theme of his governing philosophy and one has not been about cutting any type of enlightment spending when it comes to medicare, medicaid and social security and cutting benefits those receive. lauren: i am president, hear me roar. rich edson, working in washington, d.c. you have to invest in tylenol right? an advil. you're coughing this stuff every day. david: no, these guys love it. you don't understand these guys are nerds. they watch this stuff. they open a beer and sit in front of the tv and love this stuff like it was a football game, right, rich? >> yeah. it is a city. there is something wrong with all of us here. david: i still love washington. we love you. thank you, rich. >> thanks, guys. lauren: if you ever sent out a beat you're about to become a part of american history. more details after the break when we go "off the desk.". ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life
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